The average cost of ransomware attacks on organisations has increased significantly over the past 2 years. Tracking alongside the increase in frequency of attacks and as the article points in part due to the growth in the success of the…
The renewable sector has been a target for cyber attacks, and the current Ukraine Russia crisis has increased the number of attacks. As with the more recent approach to cyber regulation in the U.S, the attacks are starting to drive…
Israel is looking at regulation requiring Communication companies to implement mandatory and unified cyber security, implement cybersecurity programs. The Communications Ministry and National Cyber Directorate, set out a list of requirements that includes installing monitoring and control systems, while making…
The SEC is growing its cybersecurity and crypto enforcement unit. One wonders if they are gearing up for closer oversight and assurance of both cyber and crypto. Adding 20 new positions to the Cyber Unit. With the two recent SEC…
From the 1st of May Federal Deposit Insurance Corporation (FDIC) supervised banks must report cyber incidents, to comply with new cyber incident report regulations (). Following their November 2021 Final Ruling. This in effect covers most banks in the US.…
Thank you Ted Dziekanowski. One could argue that its not 1 weeks interest on the fine purported in the court papers of $19Billion. But it along with the CHS False Claims action reported in March, starts to build a pool…
Indian regulators are taking a descriptive approach to cyber incident reporting. Setting a window of 6 hours to report an incident from when it is detected and defining specific categories of cyber incident that should be reported. The new rules…
A very interesting article on cybersecurity, the False Claims Act and use of whistleblower programs. No public or private organisation, including those outside the U.S. that provide products and services to U.S. Federal agencies, should discount the whistleblower regime. Whistleblower…
Thank you Ted Dziekanowski, the DoJ settlement is an example of the challenges ahead for cybersecurity. The DoJ civil cyber fraud initiative and the enclosed settlement is an example of the regulatory enforcement that is being tested in the US.…
This week sees the Aerojet Rocketdyne case go back to court on the 26th April. In what is seen as a test case for the US Department of Justice (DoJ), and its use of the False Claims Act (FCA) against…
